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Diversified

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About Diversified

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  1. If I were a country pegged to become a new Superstate and I wanted to adopt a new metal standard I sure wouldn't pick Gold because that's manipulated by the West. I would pick Palladium and Platinum and that is indeed what China is doing.
  2. Nice to see my thread still going and that I was right! I'm particularly chuffed that my Palladium investment has so far risen to 430% in two years. Remember folks that if you use an allocated account with a bullion dealer there's no VAT to pay. If you have a business you can also avoid VAT on precious metals. Gold and Silver aren't the only game in town.
  3. Not sure when to sell. Being diversified I need to hedge. I may even hold for the long term. My main concerns are an alternative to those two being found in smoke catalysts and too many mines reopening. It's said that there is only ever a year's supply of those two metals above ground (unlike plentiful Gold), so they seem a better long-term bet to me. Even if they do fluctuate, there will be demand again sooner or later. Things are looking very uncertain in the world, so unless someone has a better idea, I'll hold out. If there's a second serious dip in the recession, I may even buy more before the end of it. I wish I knew how to invest in Neodymium... or other useful scarce materials the far east are either going to need or will hoard. But that's long-term. I suppose my vague answer to you is: if you see something better, go for it (and let me know!)
  4. Thanks for the praise and yes, Palladium more than doubled and Platinum is up more than 50% since I started this thread in December '08.
  5. I take the view that the non-commodity part of Gold is no different to any fiat currency: It's only worth as much as people are willing to give you for it, like glass beads or bits of paper with vacuous promises. It's the practical need for it in products that is Gold's non-fiat value. There is so much of it around that industry isn't likely to go short for a long time. The chains dangling from chavs are a few months industry supply alone. IMO PT+PD haven't achieved their full price yet, industry is still running on stocks from the global downturn, demand for vehicle catalytic converters is still low and the mines that were shut down haven't reopened. They won't until the price has risen high enough to make it worthwhile. Until then I expect PT+PD prices to go up because of shortage of supply and increasing vehicle demand. The main risk is some major innovation in catalytic conversion, in which case a price rise will just be postponed until stocks run low. My original precious metal investment was 17.5% gold, 40% Platinum and 42.5% Palladium. Don't let the Gold bugs bite you.
  6. Well, it looks like I was right! A quid invested at the time I started this thread would be worth approximately £1.40 now, 10 months later. Gold didn't perform as well as PT+PD.
  7. Nonsense. You're another one trying to talk up Gold, thanks for proving my point. It's performance in relation to the crisis (and compared with Pt and Pd) has been below mediocre and it's price will drop as we pull through the bottom of the recession. The world is full of Gold, even chavs wear it. It survives mostly on hype and BS. The blatant fact that a drastic bullion coin shortage has barely affected spot but hugely driven up dealer premiums proves it. You don't speculate on gold, you essentially bet on it and the world is full of people who'll want to dump it the moment things start to look more rosy. People are already thinking changing back to stocks again. However there is less than a year's worth of Pt andPd above ground and very few open mines, so you stick with gold and I'll cash in when industry desperately looks for Pt+Pd again.
  8. When I started this thread and bought Pt and Pd in December 08 I based my decision on these historical charts from Kitco: http://66.38.218.33/LFgif/pd92-pres.gif http://66.38.218.33/LFgif/pt92-pres.gif Since a lot of mines have been mothballed I think there should be a spike if/when automotive demand picks up again. Prices would have to rise to a level worth opening those mines before they do. There is just so much hot air spouted by gold bugs that I'm glad I didn't get much of it. Platinum and Palladium is where it's at.
  9. Same place you buy it. Obviously depends if you hold it physical or at the bullion merchants via an account (which avoids VAT).
  10. Unallocated inventory. The cheapest way since I don't want to store it or pay VAT. If things look like turning nasty, then I'll take delivery but if it doesn't look like being necessary, I'll avoid the VAT, which doesn't figure in unallocated or allocated Ag, Pt and Pd. If necessary I could also convert the lot to gold and avoid VAT that way. Palladium is a long term thing for me and although it's up already now, I'm happy to wait a long time. Platinum similar. I'd be happy to sell and buy the gold though because it's fickle, volatile and pretty high already. If things turned nasty, I think Platinum + Palladium would be even better than gold because there isn't much above ground, it has practical uses and is more difficult to mine. At present it's not worth mining, so the price HAS TO rise sooner or later as the limited supply is used up (even if alternative tech is found for it's present use).
  11. Bairds account £115. They will be opening a retail counter shortly if one wants to buy in person. I certainly wouldn't pay attention to anything as preposterous as "being banned" from owning PMs. In fact I'm starting to ignore petty existing "bans" on principle already. I have also bought a property abroad, so if the penpushers in the leech occupations try to take any more liberties or lucre, I'll just close my business and shove orf, then they can damn well try fend for themselves because I don't need to put up with them. It's totally down to you how much more you submit to, but you can be sure that if you don't draw a line to them, they'll just keep taking even more your freedom and money.
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